Global Breast Imaging Market was Valued at US$ 3,150.3 Million in 2017 and is Expected to Grow at a 9.9% CAGR from 2018 to 2026

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Breast Imaging
Breast Imaging

Insights into the Breast Imaging Market

Breast imaging is a technique for obtaining high-resolution images of breast tissues and diseases. Breast cancer is the leading cause of breast disease that necessitates immediate screening, which is expected to boost the growth of the Breast Imaging Market.

Both men and women can develop breast cancer. Furthermore, it is more common in females than in males. Ultrasound, mammography, nuclear imaging, MRI, and thermography are the most common breast imaging tests used to diagnose breast cancer and related diseases. Furthermore, for women aged 40 and up, mammography is the most preferred imaging technique for breast cancer diagnosis.

The growing geriatric population and an increasing number of accidents are expected to drive Growth in The Breast Imaging Market. During the forecast period, the rising incidence of breast cancer is expected to be a major factor driving growth in the market for breast imaging. According to breastcancer.org, approximately 1 in every 8 women will develop breast cancer during their lifetime. According to the same source, an estimated 252,710 new cases of invasive breast cancer will be diagnosed among women in the United States in 2017.

Increasing government initiatives such as public awareness campaigns and funding for research and development to introduce advanced imaging technologies into the market are expected to drive the Breast Imaging Market forward. For example, in 2013, the Avon Foundation, in collaboration with the National Cancer Institute and the Center for Advancing Innovation, provided $250,000 to launch the Breast Cancer Start-up Challenge, which was aimed at teams of business, engineering, medical/scientific, and computer science students, as well as small-sized entrepreneurs, to develop and commercialize advanced breast cancer inventions.

However, radiation side effects and the high cost of installing breast cancer imaging devices and facilities may stifle growth in the Breast Imaging Market. North America is expected to dominate the global market for breast imaging, owing to increased government initiatives, the presence of major players, and the early adoption of advanced medical technologies in economies such as the United States and Canada.

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